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Category : Business

Business

Ford and Walmart collaborate to design automated-vehicle delivery

Loknath Das 05 Dec 2018 708 Views

Ford Motor, Walmart, and delivery service Postmates will collaborate to design a service for delivering groceries and other goods to Walmart customers that could someday use autonomous vehicles, the companies said on Wednesday. The project is the latest to grow out of Ford’s broader effort to develop businesses that could ... Read More »

Business

Listed cos account for less than one-third of corporate tax in FY18: Report

Loknath Das 04 Dec 2018 454 Views

Listed companies accounted for a little less than a third of the corporate tax in FY18, down from nearly 40 percent in FY17 and 49 percent a decade ago, Business Standard reported. India’s top companies listed in BSE500, BSE Mid-cap or BSE Small-cap index paid Rs 1.88 lakh crore in direct ... Read More »

Business

Russians tease Trump for canceling his G-20 meeting with Putin, blame US politics, not Ukraine

Loknath Das 01 Dec 2018 942 Views

Mikhail Svetlov | Getty Images Russian President Vladimir Putin (L) looks at U.S. President Donald Trump during the welcoming ceremony prior to the G20 Summit’s Plenary Meeting on November 30, 2018 in Buenos Aires, Argentina. Senior Russian officials publicly chided U.S. President Donald Trump following his announcement on Thursday that ... Read More »

Business

An evening walk down Dalal Street | Indices off to a flying start; Sensex up 373 pts; HUL up 5%

Loknath Das 26 Nov 2018 1082 Views

Shares were off to a flying start on Monday, thanks to a sharp rally among consumption names in the last couple of hours. These, combined with a positive move on the rupee helped the indices end on a strong note. The Nifty closed above 10,600-mark. Recovery in prices of crude ... Read More »

Business

Amazon warehouse workers in Europe protest on Black Friday, calling working conditions ‘inhuman’

Loknath Das 24 Nov 2018 795 Views

  On the biggest shopping day of the year, U.K.-based trade union GMB is organizing a protest against Amazon for what it calls “inhuman” conditions for warehouse workers. Amazon has been under a microscope recently as it gets ready to bring 25,000 jobs to each of two new “headquarters” locations ... Read More »

Business

Trump is telling people he wants to replace Commerce Secretary Wilbur Ross by the end of the year

Loknath Das 10 Nov 2018 917 Views

President Donald Trump is telling people he wants to replace Commerce Secretary Wilbur Ross by the end of the year, according to three people familiar with the matter who are close to the president. Trump favors Linda McMahon to replace Ross in the role, said these people, who spoke on ... Read More »

Business

Richard Branson suspends $1 billion Virgin investment talks with Saudi Arabia over missing journalist

Loknath Das 12 Oct 2018 775 Views

Virgin Group founder Richard Branson suspended discussions with Saudia Arabia about a proposed $1 billion investment in Virgin’s space companies following allegations that journalist Jamal Khashoggi was murdered in the country’s consulate in Istanbul. “What has reportedly happened in Turkey around the disappearance of journalist Jamal Khashoggi, if proved true, ... Read More »

Business

Tech is getting wrecked — three experts weigh in on whether the turmoil will continue

Loknath Das 10 Oct 2018 796 Views

Technology is the second-worst-performing sector in the S&P 500 in the last week, with names such as Applied Materials, Nvidia, Adobeand PayPal among the group’s biggest losers in that time. Here’s what three market watchers said about tech stocks’ next move: Timothy Lesko, principal and partner at Granite Investment Advisors, said the recent downside isn’t ... Read More »

Business

A new study on the side effects of wind energy is almost begging to be misused by climate change deniers

Loknath Das 05 Oct 2018 1205 Views

Using wind power to generate the electricity the US needs could cause a surprising amount of local warming, according to a new study. But wind power would still help the world stop pumping carbon dioxide into the atmosphere, which would fight climate change and global warming. There’s concern that fossil fuel interests might ... Read More »

Business

Volvo says US-China trade war will hit the brand

Loknath Das 30 Jun 2018 872 Views

Volvo Car Group’s billionaire owner warned of the looming trade war’s adverse effects, saying consumers and automakers such as his will be among those hurt by the dispute involving the US and China. Li Shufu, whose Zhejiang Geely Holding Group Co. owns the Swedish carmaker, said both Volvo and his ... Read More »

Business

Spotlight: Fireball Approves Aims to Protect Online Buyers from Scams

Loknath Das 14 Jun 2018 764 Views

The sharing economy and online selling platforms have brought about many new opportunities for entrepreneurs and consumers. But it has also led to new opportunities for scammers. Sometimes, spotting a scam can be difficult for an individual. That’s where Fireball Approves comes in. The company’s owner was once almost a scam victim ... Read More »

Business

94% of Diners Will Choose a Restaurant Based on Online Reviews

Loknath Das 14 Jun 2018 670 Views

What goes into the decision-making process when a diner is looking for a restaurant? According to the new TripAdvisor “Influences on Diner Decision-Making” survey, 94% of US diners are influenced by online reviews. The numbers are also quite high in other countries, with French, Spanish, and Italian diners coming in ... Read More »

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